Livingstone Investment Partners

Canada's fiscal deficit is expected to come in at $46.4 billion in 2024-2025, the Parliamentary Budget Officer said this week. This is above initial estimates, which had indicated a $39.8-billion shortfall for this fiscal year. The PBO also predicts the economy will grow by 1.1% in 2024. However, economic growth is expected to bounce back next year as the effects of interest rate cuts by the central bank kick in. For more market insights, contact us.

Source: https://financialpost.com/news/economy/federal-deficit-hit-46-4-billion-above-ottawa-projections-pbo

India has become the next big bet for packaged goods companies looking to fill the growth vacuum left by a rough recovery in China. With the country's economy expanding at the fastest rate among emerging markets, major consumer goods companies are launching new products to attract the country's vast population and untapped rural market. These CPG giants expect higher government spending, a better monsoon season, and a resurgence in private consumption in the country to help boost consumer spending. For more market insights, contact us.

Source: https://www.reuters.com/markets/asia/pepsico-pg-india-becomes-next-big-growth-bet-china-lags-2024-08-09/